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GBPUSD Triggers 1.5127 Target- Cautiously Bearish Below 1.53
The pound has now achieved the third objective cited last week and the risk of a near-term pullback has our scalp bias at risk above 1.5127. Here are the key levels.
USD Traders Eye FOMC, Bernanke- AUD Correction Should Be Sold
The rebound in the Dow Jones-FXCM U.S. Dollar index may gather pace over the next 24-hours of trading should the FOMC Minutes sap bets for more quantitative easing.
Bearish Euro Formation Remains Intact- EU Summit to Disappoint
The EURUSD is struggling to hold its ground ahead of the EU meeting in Brussels amid a renewed flight to safety.
Crude Oil, Gold Look to Fed-Speak for Direction Cues
Commodity prices look to commentary from Fed Presidents Bullard and Dudley to shape QE progression expectations and offer direction cues.
Lower Inflation Makes Way for a More Dovish BoE, Pound Declines
Inflation fell to a seven month low of 2.4% in April; BoE expects a peak of 3.1% inflation this year…
British Pound May Weaken as Soft CPI Drives Dovish BOE Bets
The British Pound may fall as CPI inflation hits a seven-month low, driving expectations of an expanded BOE stimulus effort on the horizon.
GBP/USD- Trading the U.K. Consumer Price Report
The British Pound may struggle to hold its ground ahead of the Bank of England (BoE) Minutes should we see a marked slowdown in U.K. inflation.
Dollar Retreats Before Key Fed Officials Weigh In on QE3
Having charged forward under one of the strongest two-week advances in nearly 18-months, the Dow Jones FXCM Dollar Index (ticker = USDollar) was in for a breather.
Scalping the USDCHF Correction- Buying Dips Above 0.9540
As the USDCHF rebounds off the key resistance range between 9720 & 9750, we anticipate pullbacks to offer favorable entries as the broader outlook remains constructive.
USD Downside Limited by Fed Policy- JPY to Mark Fresh Lows
The Dow Jones-FXCM U.S. Dollar index pared the advance from earlier this month, but the greenback should continue to benefit from the shift in the policy outlook.
US Dollar Breaks Out - Here’s How We Like Playing It
The US Dollar surge seems like the beginning of a much larger move, and our volatility-friendly and trend-following trading strategies look attractive in the week ahead.
Euro May Fail to Benefit from EU Meeting- Pound to Rally
The rebound in the EURUSD may be short-lived as European policy makers preserve a reactionary approach in addressing the risks surrounding the euro-area.
US Dollar Unwinds a Bit of Last Week’s Gains
EUROPEAN SESSION UPDATE: Yen finds temporary weakness on an Economy Minister warning; few economic releases….
Dollar Posts Second 1.5% Weekly Rally in 17 Months, QE3 In Focus
The dollar’s performance these past two weeks has been extraordinary. And, unlike the risks that loom over the S&P 500 and yen crosses should sentiment sour; the greenback would only do better if the market’s fears are realized.
EUR/USD Rebound Could Materialize as May PMIs Seek Lift
The Euro gained across the board this week, except against the strengthening US Dollar.
Weekly Forex Trading Forecast: Will Risk Trends or QE3 Take the FX Reins?
Both the S&P 500 and US Dollar continue to soar to new heights - bucking traditional risk appetite currents. Will the yield chase maintain this unusual mix or will sentiment finally shock the markets back in line?
Dollar Posts Biggest Surge in 18 Months on the Way to 3 Year Highs
The dollar has exploded higher. Since overtaking the 10,600-mark – the midpoint of the past decade’s range – the Dow Jones FXCM Dollar Index (ticker = USDollar) has posted its biggest two-week rally since November 2011.
Japanese Yen Bounce Almost Guaranteed, but at ¥103 or ¥110?
A Japanese Yen bounce looks almost guaranteed on crystal-clear signs of a sentiment extreme. But timing is the only thing that matters in trading—does that happen at ¥103 or ¥110?
The Dollars Surging, but Why Might it Rally Even Further?
The Dollar has surged to its highest since late 2010. There are some big “ifs”, but if things fall into place the USDOLLAR could rocket even higher.
Gold Plummets 6% Ahead of FOMC Minutes Bearish Below $1405
Gold remained under substantial pressure this week with the precious metal down nearly 6.4% (its largest decline in four weeks) and further losses are expected as we head into next week.
Sterling Outlook Hinges on BoE Minutes- Higher Low in the Making?
The British Pound failed to maintain the upward trend from earlier this year, with the GBPUSD slipping to a fresh monthly low of 1.5156, but the sterling may regain its footing in the week ahead should the Bank of England (BoE) Minutes further dampen speculation for more quantitative easing.
USD to Consolidate Ahead of FOMC Minutes- AUD Heavily Oversold
The Dow Jones-FXCM U.S. Dollar index advanced to a fresh yearly high of 10,816 as the developments coming out of the U.S. economy raised the outlook for growth.
Euro Eyes Fresh 2013 Low on ECB Policy- Pound Rebound on Tap
The EURUSD remains under pressure on Friday as the European Central Bank (ECB) continued to strike a dovish tone for monetary policy.
Euro Finds Strength Despite Significant Decline in Construction Output
EUROPEAN SESSION UPDATE: BoE’s Weale seems to maintain an anti-dovish view in comments about inflation and growth; USD rally continues…
EUR/USD- Trading the U. of Michigan Confidence Survey
The U.S. dollar may track higher over the next 24-hours of trading as the U. of Michigan survey is expected to show a rebound in household sentiment.
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